Vietnam has not witnessed many large-scale new foreign direct investment (FDI) projects in its textile and garment sector this year as was seen three years ago. However, foreign investors are seen expanding their existing projects, pouring around $2 billion worth investment into this sector this year to date, as a result Vietnam’s textile and garment exports turnover in 2017 likely to exceed the target of $30 billion, according to the Vietnam Textile & Apparel Association (VITAS). The turnov

Textile-mill owners in Pakistan have expressed doubts over their government’s apparent enthusiasm to develop joint ventures (JVs) with their Chinese counterparts to boost dwindling export levels. Pakistan's textile minister, Pervaiz Malik, said at the 18th Textile Asia International Exhibition in Lahore recently that his government wants JVs with the Chinese textile sector and for his country to become a textile business hub for the Middle East, central and south Asia. However, Pakistan's tex

Unlike other businessmen, Le Viet Thanh, CEO of K&K Fashion, doesn’t think foreign fashion brands will ‘choke Vietnamese brands to death’. “The domestic fashion market has different segments with diverse needs. So, foreign fashion brands, though powerful, won’t be able to satisfy all the demands. Vietnamese brands still have their positions in the market if they have distinct products and can find niche markets,” he said, adding that local companies understand Vietnamese taste and can des

China's Belt and Road Initiative will greatly benefit the 10-member Association of Southeast Asian Nations (ASEAN), especially in infrastructure development, officials and academics said at a symposium. The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative, known as the Belt and Road Initiative, was proposed by China in 2013 with the aim of building a trade, investment, and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.

Cambodia’s garment and footwear exports is expected to see a slower growth of around 5 per cent this year compared to 7 per cent in 2016. But the trend is a normal market occurrence and does not indicate an overall decline or is linked to the political situation, say industry experts. Twenty five new factories opened this year in Cambodia while 53 shut shop. As the base number gets bigger, the same rate of percentage growth cannot be maintained forever, Ken Loo, secretary general of the Garm

Turkish textile industry, which closely follows all the fairs in the world and participates in the events, closely monitors fashion as a result they can easily bring the latest trends to consumers. This has helped Turkey's textile and apparel exports approach $30 billion annually, while $7.5 billion of this amount comes from Merter, a district in Istanbul known for its ready-to-wear textiles. According to Merter Industrialists' and Businessmen's Association (MESIAD) Chairman Yusuf Gecü, all m

Uzbekistan the world’s sixth largest cotton producer has signed contracts with companies from Russia, Turkey, South Korea, Singapore, Moldova and many other countries for the export of finished and semi-finished textile products for more than $1 billion during the recent 13th International Uzbek Cotton and Textile Fair held in Tashkent. The 13th International Uzbek Cotton and Textile Fair was held in Tashkent on 23-24 October 2017. More than 1,500 specialists, who participated in the fair fro

The 18th international exhibition on the textile industry - ShanghaiTex 2017- to be held during November 27-30, 2017 in Pudong, will highlight the latest textile technology and high-growth application sectors, aiming at assisting industry players to overcome challenges and make use of new applications to breathe new breakthroughs and values to the sector. Asia is now the world's fastest growing region for automobile, where textiles are widely applied on automobile production such as seat cov

The Australian cotton industry’s peak grower body, Cotton Australia, has come out in support of Kmart Australia’s new initiative to source 100 per cent “more sustainable cotton” by 2020. Kmart’s definition of ‘more sustainable’ includes Better Cotton Initiative cotton (BCI), myBMP-certified Australian-grown cotton, and organic and recycled cotton. “Kmart has been sourcing Australian cotton into its clothing and homewares ranges for a number of years, and we’re proud to be a supplier of susta

Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar's largest Chinese invested exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., has officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon on Friday. Speaking at the opening ceremony, U Aung Htoo, Deputy Minister for Commerce, said that preferential policies and a vast labor market give Myanmar a great advantage for textile and garment industry and that the new factory will not only cr